Any apps that rely on specific intel libraries will have a bit more work to do.
It actually depends on the app and what it’s doing. For example they said photoshop wouldn’t be available on it until early 2021.
If not true, then my original comment seems to still stand.
The only thing that comes close to being "universal apps" would be applications that run in a browser.
* Universal apps (also known as "fat binaries") that run natively on Intel and M1 Macs
* ARM-native Mac apps
* Intel-based Mac apps via Rosetta 2
* iOS/iPadOS apps (developer’s choice)
* Unix/BSD command line apps (Vim, tmux, bash, zsh, etc.)
* Linux via’s built-in hypervisor
* Java
* Electron apps (VS Code, Slack, etc.)
* Windows via virtualization
* Web apps (Service Workers, WASM, push notifications, etc.) on Safari, Chrome, etc.
Safari is already a universal app; I'm sure Chrome, Firefox, etc. will follow shortly.